装备制造行业周报（3月第1周）：1-2月挖掘机出口态势良好

Investment Rating - The report does not explicitly state an investment rating for the industry [3]. Core Insights - The excavator export situation is favorable, with a total of 35,934 units sold in January-February 2026, representing a year-on-year increase of 13.1%, while domestic sales decreased by 9.19% [6]. - The photovoltaic sector is experiencing a rise in polysilicon prices, but overall demand remains weak, leading to a "price without market" scenario [6]. - The energy storage sector is seeing fluctuations in lithium prices, with battery-grade lithium carbonate averaging around 153,000 RMB per ton, reflecting an 11.7% increase [6]. Market Overview - In the past week, the mechanical equipment, electric power equipment, and automotive industry indices changed by -2.81%, 0.55%, and -2.76%, respectively, ranking 19th, 6th, and 16th among 31 first-level industries [11]. - The performance of sub-sectors within the mechanical equipment and electric power equipment industries showed mixed results, with grid equipment rising by 6.66% and motors declining by 5.82% [14]. Industry News and Key Company Announcements - On March 6, it was reported that green electricity from Guangxi and Yunnan will be traded in the East China market, with a total of 314 million kilowatt-hours of green electricity expected [21]. - The National Development and Reform Commission announced plans for major strategic projects, including renewable energy initiatives, to support modernization and improve living standards [21]. - A report indicated that the global smart robotics hardware market is projected to approach $30 billion by 2026, with China leading the growth in the embodied intelligent robotics market [21].